Delving into eToro's platform from Luxembourg, I've realized the significance of having tailored information for successful trading. This guide, born from my personal trading journey, is specifically designed for Luxembourg-based investors. It combines firsthand experiences with comprehensive research, offering a detailed and reliable overview of the platform's functionalities within the Luxembourg market.
The insights provided are practical, ensuring they are up-to-date, safe, and accurate. My aim is to empower investors in Luxembourg with the knowledge and confidence needed to navigate the world of online trading effectively, making their investment experience both informed and successful.
| 🇱🇺 Accepts Luxembourg Traders | ✔️ |
| 💰 Minimum Deposit | $100 |
| 🛍️ Market Types | Stocks, Commodities, Currencies, Indices, Crypto, ETFs |
| 🏛️ Regulation | Cyprus Securities Exchange Commission (CySEC) |
76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro (Europe) Ltd., a financial services company overseen by the Cyprus Securities Exchange Commission (CySEC) under license #109/10, permits traders from Luxembourg to participate. This authorization allows eToro to function in Luxembourg, as well as other European nations, in accordance with regulatory compliance.
Regardless of your location in Luxembourg, be it Diekirch, Clervaux, Redange, Vianden, Wiltz, Grevenmacher, Echternach, Remich, Luxembourg District, Capellen, Esch-sur-Alzette, or Mersch, residents who meet the legal age requirements have the ability to create an account and engage in trading activities with this broker.
eToro may not have a physical presence in Luxembourg, but this doesn't hinder their capacity to offer services to residents of the country. eToro (Europe) Ltd. conducts its operations from its headquarters situated in Cyprus, located at the following address:
eToro (Europe) Ltd.
4 Profiti Ilia Str., Kanika Business Centre
7th floor, Germasogeia, 4046
Limassol, Cyprus
eToro doesn't offer a specific local phone line for Luxembourg clients, but various customer service options are accessible:
The support ticket and live chat options can be reached either through the Customer Service Center page or directly at etoro.com/customer-service.
Access to the eToro trading platform is available both through a web browser and via a downloadable app compatible with Android and iOS (including iPhone and iPad) devices. Whichever method you select, all the features are seamlessly integrated, enabling a consistent trading experience across different platforms.
Additionally, the app provides language flexibility, accommodating users who prefer to interact in French or German. To adjust the platform's language, navigate to the Settings, followed by the General sub-menu. There, you will encounter options to select your desired language, with both French (Français) and German (Deutsch) being readily available.
For traders residing in Luxembourg, the eToro platform offers various deposit methods to fund accounts. The options include:
All transactions within this trading platform are conducted in USD. Should you choose to deposit funds in EUR, an automatic conversion to USD will take place, and a nominal conversion fee may apply.
To begin trading with this platform, an initial deposit of $100 (approximately €94) must be made to your account. Following that, the minimum requirement for subsequent deposits is reduced to $50 (roughly €47). Please note that if you choose to employ regular bank transfers, the minimum deposit amount is set at $500.
eToro's fee structure for Luxembourg traders aligns with that for traders from other countries. For instance, holding a CFD position open over the weekend incurs an overnight fee at a standard rate, irrespective of the trader's country of residence.
Regarding withdrawals, the platform mandates a minimum withdrawal amount of $30, accompanied by a fixed fee of $5 per transaction. This fee remains constant, whether you opt to withdraw $30, $100, or $500, maintaining uniformity across all transactions.
At present, eToro doesn't feature stocks from the Luxembourg Stock Exchange (LuxSE). However, they do provide access to stocks from an array of international exchanges, such as:
It's important to be aware that trading in physical stocks is available exclusively without leverage. Stock positions with leverage are treated as Contracts for Difference (CFDs).
For residents of Luxembourg, the registration process with eToro is consistent with that for traders from other countries. It begins with selecting a username, providing an email address, and setting a password.
It's then necessary to agree to the financial terms, disclosure statement, and services guide laid out by eToro Europe Ltd., the entity regulated by CySEC and licensed to operate within your region. Carefully verifying the company's legitimacy is crucial as it is the authorized institution serving traders in Luxembourg.
Currently, some distinguished Luxembourg traders are engaged in the eToro Popular Investor program, as listed below. These traders typically exhibit a risk score between 4-5, with the most experienced among them having begun their trading activities in 2019.
| Trader | Username | Popular Investor Level |
| Marcin Jasinski | @mj_lux | Champion ★ |
| Daniel Claudiu Stoica | @danclaus | Cadet ★ |
| Akim Guerreiro | @etcaetera | Champion ★ |
| Marco Di Domenico | @marcodd | Cadet ★ |
According to eToro's Q4 2022 Investor Update, released in March 2023, the platform reported a total of 2.8 million funded accounts as of December 31, 2022. Within this figure, 71% of the accounts are from the UK and Europe, a geographical region that also includes Luxembourg.
Can users from Luxembourg trade on eToro?
Yes, eToro is accessible to both citizens and residents of Luxembourg. As part of eToro's global reach, Luxembourg is among the many countries where this online trading platform operates. Individuals in Luxembourg can easily create an eToro account, add funds, and commence trading across a diverse range of assets.
What are the fees on eToro for Luxembourg traders?
eToro's fee structure is uniform across various countries, encompassing trading fees, withdrawal fees, conversion fees, and inactivity fees. For instance, a flat withdrawal fee of $5 is applicable to all users, irrespective of their country of residence. This approach reflects eToro's commitment to maintaining a consistent fee schedule for its global clientele.
How do I open an eToro account in Luxembourg?
Opening an eToro account involves the following straightforward steps:
Visit eToro's official website at www.etoro.com and click on the "Join Now" button.
Fill in the registration form with a chosen username and password, along with your email address.
Confirm your email address by accessing the verification link sent by eToro to your email inbox.
Provide additional personal details, such as your address and date of birth, as part of the application process.
Submit a scanned copy of a government-issued ID to authenticate your account.
Please be aware that they might request further documents or information to validate your identity, in alignment with legal and regulatory protocols. Before finalizing your registration, carefully review and acknowledge eToro's terms and conditions to ensure full understanding and compliance.
What documents do I need to verify my eToro account if I am from Luxembourg?
For Luxembourg residents verifying an eToro account, the following documents are typically required:
Government-issued ID (driver's license, national ID, or passport)
Proof of address (utility bill, bank statement, or tax document)
Payment method details if using a credit/debit card or e-wallet
A selfie holding your ID or a code/message, as directed by eToro
The verification process might take several days and could necessitate further information or documents. Ensure all provided documents are clear and consistent with your eToro account details.
What can I trade on eToro if I am from Luxembourg?
For those utilizing eToro in Luxembourg, a diverse array of trading options awaits. Spanning across various asset classes, the platform accommodates foreign exchange (forex) trading, commodities, equities, market indices, digital currencies, and exchange-traded funds (ETFs). They have an impressive portfolio exceeding 3000 unique assets.
Does eToro offer demo accounts in Luxembourg?
Yes. In Luxembourg, eToro offers a complimentary demo account option for traders once a live account has been successfully established. This feature allows new and experienced traders to practice strategies and explore the platform without financial risk.
How can I find successful Luxembourg traders to copy on eToro?
For those wishing to copy successful eToro traders in Luxembourg, the platform's CopyTrader feature is an essential tool. By adjusting the search filters to specifically highlight Luxembourg-based individuals, users can further tailor the results to align with their preferences. This customization can include specific trading styles, performance metrics, risk scores, and other criteria, helping to identify traders that resonate with your investment goals and approach.
What trading platforms does eToro offer in Luxembourg?
eToro ensures accessibility for traders in Luxembourg across all its platforms. Whether utilizing the web-based interface, available through common web browsers, or the mobile application compatible with Android and iOS devices, Luxembourg-based traders have seamless access.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
76% of retail investor accounts lose money
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